Intertemporal and Spatial Depletion of Landfills
AbstractThis paper generalizes Hotellings (1931) theory of nonrenewable resources to situations where resource pools and their users are distributed spatially. Extraction and transport costs are assumed to be linear in the rate of extraction, but utilization of each deposit may require a setup cost. While Herndahls (1967) analysis of the socially optimal utilization of multi- ple deposits by a single user can be given a spatial reinterpretation, our contribution is to generalize his results further to the case where there are multiple users who are themselves spatially distributed. While our spatial generalization is important in many resource ap- plications, it is essential to an understanding of solid waste problems. Landll space may be regarded as a depletable resource, since space extracted today is unavailable tomorrow. But since cities and landlls are dispersed geographically, transshipment ofwaste commonly occurs within and between countries. Our analysis characterizes socially optimal waste ows over time and space and will facilitate the evaluation of the many government interventions designed to regulate such shipments of solid waste.
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Bibliographic InfoPaper provided by Michigan - Center for Research on Economic & Social Theory in its series Papers with number 97-07.
Length: 30 pages
Date of creation: 1997
Date of revision:
Contact details of provider:
Postal: UNIVERSITY OF MICHIGAN, DEPARTMENT OF ECONOMICS CENTER FOR RESEARCH ON ECONOMIC AND SOCIAL THEORY, ANN ARBOR MICHIGAN U.S.A.
NATURAL RESOURCES ; ECONOMIC MODELS ; COSTS ; EXTRACTION;
Other versions of this item:
- GAUDET, Gérard & MOREAUX, Michel & SALANT, Stephen W., 1997. "Intertemporal and Spatial Depletion of Landfills," Cahiers de recherche 9718, Universite de Montreal, Departement de sciences economiques.
- Gaudet, G. & Moreaux, M. & Salant, S.W., 1997. "Intertemporal and Spatial Depletion of Landfills," Cahiers de recherche 9718, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
- Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
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- Francisco J. André & Emilio Cerdá, 2005. "Gestión de residuos sólidos urbanos: Análisis económico y políticas públicas," Economic Working Papers at Centro de Estudios Andaluces E2005/23, Centro de Estudios Andaluces.
- Andre, F.J. & Velasco, F. & Gonzalez, L., 2004.
"Intertemporal and Spatial Location of Disposal Facilities,"
2004-30, Tilburg University, Center for Economic Research.
- Francisco André & Francisco Velasco & Luis Gonzalez-Abril, 2009. "Intertemporal and spatial location of disposal facilities," Spanish Economic Review, Springer, vol. 11(1), pages 23-49, March.
- Francisco J. André & Francisco Velasco & Luis González, 2004. "Intertemporal and Spatial Location of Disposal Facilities," Economic Working Papers at Centro de Estudios Andaluces E2004/74, Centro de Estudios Andaluces.
- F. Velasco & F.J. AndrÃ©, 2004. "Intertemporal and Spatial Location of Disposal Facilities," Computing in Economics and Finance 2004 153, Society for Computational Economics.
- Zhao, Xiaobing & Fletcher, Jerald J., 2004. "An Optimal Control Approach To Water Quality Trading: Cost-Effective Point/Nonpoint Management In A Watershed Framework," 2004 Annual meeting, August 1-4, Denver, CO 20195, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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